Reported Earnings • May 09
First quarter 2026 earnings released: NT$0.92 loss per share (vs NT$0.70 profit in 1Q 2025) First quarter 2026 results: NT$0.92 loss per share (down from NT$0.70 profit in 1Q 2025). Revenue: NT$337.1m (down 24% from 1Q 2025). Net loss: NT$32.4m (down 230% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. New Risk • Apr 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 142% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.07% net profit margin). Market cap is less than US$100m (NT$1.29b market cap, or US$40.3m). New Risk • Mar 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. Earnings have declined by 53% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.07% net profit margin). Market cap is less than US$100m (NT$1.55b market cap, or US$48.1m). New Risk • Mar 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.07% Last year net profit margin: 1.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. Earnings have declined by 53% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.07% net profit margin). Market cap is less than US$100m (NT$1.63b market cap, or US$51.0m). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.04 (vs NT$0.78 in FY 2024) Full year 2025 results: EPS: NT$0.04 (down from NT$0.78 in FY 2024). Revenue: NT$1.68b (up 5.7% from FY 2024). Net income: NT$1.24m (down 96% from FY 2024). Profit margin: 0.1% (down from 1.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annonce • Mar 04
New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 11, 2026 New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: 17- floor no,251, min ch`uan 1st rd., sinsing district, kaohsiung city Taiwan Board Change • Feb 25
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Nai-Rung Chen was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 05
New Advanced Electronics Technologies Co., Ltd. Announces Demise of Wang, Chong-Chi, Legal Representative of the Directors New Advanced Electronics Technologies Co., Ltd. announced a change of legal representative of the company's directors. The previous position holder was Wang, Chong-Chi, who served as the financial supervisor of NAE Technologies Inc. The new position holder is pending for reassignment. The change was necessitated by the passing away of the legal representative of the board of directors. The original term was from June 27, 2024 to June 26, 2027. The effective date of the new appointment is not applicable. Date of occurrence of the change: January 4, 2026. New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 150% Earnings have declined by 43% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.55b market cap, or US$49.4m). New Risk • Nov 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 150% Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.57b market cap, or US$50.5m). Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.69 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.29 (down from NT$0.69 in 3Q 2024). Revenue: NT$490.4m (down 14% from 3Q 2024). Net income: NT$10.2m (down 58% from 3Q 2024). Profit margin: 2.1% (down from 4.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$1.09 loss per share (vs NT$0.75 loss in 2Q 2024) Second quarter 2025 results: NT$1.09 loss per share (further deteriorated from NT$0.75 loss in 2Q 2024). Revenue: NT$391.8m (up 65% from 2Q 2024). Net loss: NT$38.5m (loss widened 45% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 11
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.8%). Declared Dividend • Jun 25
Dividend of NT$1.00 announced Shareholders will receive a dividend of NT$1.00. Ex-date: 18th July 2025 Payment date: 8th August 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 29% to shift the payout ratio to a potentially unsustainable range, which is more than the 21% EPS decline seen over the last 5 years. New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (NT$2.11b market cap, or US$70.6m). Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.088 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.70 (up from NT$0.088 loss in 1Q 2024). Revenue: NT$442.6m (up 38% from 1Q 2024). Net income: NT$24.9m (up NT$28.0m from 1Q 2024). Profit margin: 5.6% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Annonce • Apr 25
New Advanced Electronics Technologies Co., Ltd. to Report Q1, 2025 Results on May 02, 2025 New Advanced Electronics Technologies Co., Ltd. announced that they will report Q1, 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to NT$45.00, the stock trades at a trailing P/E ratio of 57.6x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total loss to shareholders of 63% over the past three years. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$1.96b market cap, or US$59.2m). Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: NT$0.78 (vs NT$0.36 in FY 2023) Full year 2024 results: EPS: NT$0.78 (up from NT$0.36 in FY 2023). Revenue: NT$1.59b (up 29% from FY 2023). Net income: NT$27.6m (up 130% from FY 2023). Profit margin: 1.7% (up from 1.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Annonce • Mar 14
New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025 New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025. Location: 17- floor no,251, min ch`uan 1st rd., sinsing district, kaohsiung city Taiwan Annonce • Mar 06
New Advanced Electronics Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025 New Advanced Electronics Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Mar 13, 2025 Buy Or Sell Opportunity • Jan 16
Now 21% overvalued Over the last 90 days, the stock has fallen 7.6% to NT$58.30. The fair value is estimated to be NT$48.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 35% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.78 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.69 (down from NT$0.78 in 3Q 2023). Revenue: NT$570.5m (up 57% from 3Q 2023). Net income: NT$24.3m (down 9.3% from 3Q 2023). Profit margin: 4.3% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Annonce • Nov 02
New Advanced Electronics Technologies Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024 New Advanced Electronics Technologies Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.75 loss per share (vs NT$0.82 profit in 2Q 2023) Second quarter 2024 results: NT$0.75 loss per share (down from NT$0.82 profit in 2Q 2023). Revenue: NT$238.1m (down 38% from 2Q 2023). Net loss: NT$26.6m (down 200% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annonce • Aug 03
New Advanced Electronics Technologies Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 New Advanced Electronics Technologies Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jul 15
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 22 July 2024. Payment date: 08 August 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.4%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.2%). Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.09 loss per share (vs NT$0.85 loss in 1Q 2023) First quarter 2024 results: NT$0.09 loss per share (improved from NT$0.85 loss in 1Q 2023). Revenue: NT$321.7m (up 52% from 1Q 2023). Net loss: NT$3.10m (loss narrowed 89% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Annonce • May 02
New Advanced Electronics Technologies Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 New Advanced Electronics Technologies Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 09, 2024 Declared Dividend • Mar 29
Final dividend of NT$1.00 announced Shareholders will receive a dividend of NT$1.00. Ex-date: 22nd July 2024 Payment date: 8th August 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (141% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: NT$0.36 (vs NT$3.43 in FY 2022) Full year 2023 results: EPS: NT$0.36 (down from NT$3.43 in FY 2022). Revenue: NT$1.23b (down 14% from FY 2022). Net income: NT$12.0m (down 89% from FY 2022). Profit margin: 1.0% (down from 7.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Annonce • Mar 15
New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 27, 2024 New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Nov 23
Upcoming dividend of NT$2.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 29 December 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%). Annonce • Sep 28
New Advanced Electronics Technologies Co., Ltd. Announces Cash Dividend for the Second Quarter of 2023, payable on December 29, 2023 New Advanced Electronics Technologies Co., Ltd. announced Cash dividend distributed from legal reserve and capital reserve of TWD 70,659,724 (TWD 2.00 per share) to shareholders for second quarter of 2023. Ex-rights (Ex-dividend) date: November 30, 2023. Ex-rights (Ex-dividend) record date: December 8, 2023. Payment date of cash dividend distribution: December 29, 2023. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.82 (vs NT$2.43 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.82 (down from NT$2.43 in 2Q 2022). Revenue: NT$381.1m (down 24% from 2Q 2022). Net income: NT$26.6m (down 66% from 2Q 2022). Profit margin: 7.0% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Aug 06
New Advanced Electronics Technologies Co., Ltd. announced that it expects to receive TWD 223.5 million in funding New Advanced Electronics Technologies Co., Ltd. announced private placement of 3,000,000 shares at an issue price of TWD 74.5 per share for proceeds of TWD 223,500,000 on August 4, 2023. The transaction was approved by the board of directors of the company. Upcoming Dividend • Jul 05
Upcoming dividend of NT$2.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 04 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.0%). Annonce • May 07
New Advanced Electronics Technologies Co., Ltd. Announces No Dividend for the First Quarter in 2023 New Advanced Electronics Technologies Co., Ltd. announced no dividend for the first quarter period from January 1, 2023 to March 31, 2023. Annonce • May 06
New Advanced Electronics Technologies Co., Ltd. Announces the Appointment of Mei-Fang, Chen as Corporate Governance Officer New Advanced Electronics Technologies Co., Ltd. announced the appointment of Mei-Fang, Chen/CFO as corporate governance officer, effective date is May 05, 2023. Reason for the change: new replacement. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: NT$3.43 (vs NT$16.36 in FY 2021) Full year 2022 results: EPS: NT$3.43 (down from NT$16.36 in FY 2021). Revenue: NT$1.44b (down 53% from FY 2021). Net income: NT$111.0m (down 79% from FY 2021). Profit margin: 7.7% (down from 17% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 20% share price gain to NT$101, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 13x in the Electrical industry in Taiwan. Total returns to shareholders of 201% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chih-Min Fang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 12
New Advanced Electronics Technologies Co., Ltd. Announces No Dividend Distribution for the Third Quarter in 2022 The board of directors of New Advanced Electronics Technologies Co., Ltd. announced no dividend for the third quarter of 2022. Upcoming Dividend • Sep 22
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 16% share price gain to NT$116, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 227% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$2.43 (vs NT$4.64 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.43 (down from NT$4.64 in 2Q 2021). Revenue: NT$501.4m (down 37% from 2Q 2021). Net income: NT$78.7m (down 47% from 2Q 2021). Profit margin: 16% (down from 19% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Annonce • Aug 12
New Advanced Electronics Technologies Co., Ltd. Announces Cash Dividend for the Second Quarter of 2022, Payable on October 27, 2022 New Advanced Electronics Technologies Co., Ltd. announced Cash dividends TWD 64,659,724 (TWD 2.00 per share) for second quarter 2022. Ex-rights (Ex-dividend) date is August 29, 2022. Ex-rights (Ex-dividend) record date is October 7, 2022. Payment date of cash dividend distribution is October 27, 2022. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$97.50, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 243% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improved over the past week After last week's 25% share price gain to NT$125, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 340% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.19 (vs NT$4.35 in 1Q 2021) First quarter 2022 results: EPS: NT$1.19 (down from NT$4.35 in 1Q 2021). Revenue: NT$420.4m (down 30% from 1Q 2021). Net income: NT$38.4m (down 73% from 1Q 2021). Profit margin: 9.1% (down from 23% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Cher-Min Fang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$122, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 289% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improved over the past week After last week's 15% share price gain to NT$207, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 916% over the past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$4.38 (vs NT$1.20 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$848.2m (up 341% from 3Q 2020). Net income: NT$141.0m (up 264% from 3Q 2020). Profit margin: 17% (down from 20% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 104% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 01
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 01 October 2021. Trailing yield: 9.3%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$4.64 (vs NT$0.31 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$801.1m (up NT$800.5m from 2Q 2020). Net income: NT$149.3m (up NT$159.3m from 2Q 2020). Profit margin: 19% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Aug 05
Independent Director Huicheng Shen has left the company On the 29th of July, Huicheng Shen's tenure as Independent Director ended after 2.7 years in the role. We don't have any record of a personal shareholding under Huicheng's name. Huicheng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.33 years, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$183, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 1,412% over the past three years. Reported Earnings • May 07
First quarter 2021 earnings released: EPS NT$4.35 (vs NT$0.29 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$600.5m (up NT$599.4m from 1Q 2020). Net income: NT$139.9m (up NT$146.3m from 1Q 2020). Profit margin: 23% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 162% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 19
New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 16, 2021 New Advanced Electronics Technologies Co., Ltd., Annual General Meeting, Jun 16, 2021. Location: 17F-1,No.251 Minquan 1st Road Xinxing District, Kaohsiung City (Asia Business Center) Kaohsiung City Taiwan Agenda: To consider annual business report 2020; to consider the Audit Committees final accounts report in 2020; to consider the report on the implementation of the operating plan after the capital reduction; to consider the report on the implementation of cash reinvestment in private equity common stock 2020; to consider the report on the implementation of cash reinvestment in private equity common stock 2019 and 2018; to consider amendment to the Rules of Procedure for Board of Directors Meetings; to consider amendment to the Code of Ethical Conduct; to consider amendment to the Procedures for Ethical Management and Guidelines for Conduct. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS NT$1.54 (vs NT$1.81 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$351.2m (up NT$346.3m from FY 2019). Net income: NT$46.6m (up NT$84.8m from FY 2019). Profit margin: 13% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 135% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 11
New 90-day high: NT$185 The company is up 38% from its price of NT$134 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$1.20 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$192.5m (up NT$191.1m from 3Q 2019). Net income: NT$38.7m (up NT$45.4m from 3Q 2019). Profit margin: 20% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Sep 30
New 90-day high: NT$182 The company is up 188% from its price of NT$63.00 on 02 July 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 11% over the same period.